BERA token price rises 29% after MEXC listing announcement
BERA token price rises by 29% last 24 hours
The price of $BERA, the native token of Berachain, surged 29% in the last 24 hours following the announcement of its upcoming MEXC listing on February 6.
The news has fueled optimism around the Ethereum Virtual Machine-compatible Layer-1 blockchain, which has been gaining traction for its liquidity-driven Proof-of-Liquidity (PoL) consensus model. The price of $BERA is now $12.29, according to CoinMarketCap.
Source: Coin Market Cap
The surge in price reflects growing market confidence in Berachain’s approach to decentralized finance (DeFi), which rewards users for providing liquidity rather than relying on traditional staking mechanisms.
Trading volume has also seen a sharp increase, indicating strong interest from investors ahead of the listing and airdrop event set to begin on February 5.
Investor interest grows ahead of Berachain launch
Berachain, built on the Cosmos SDK, operates with a tri-token economy consisting of $BERA, used for transactions and fees; BGT (Berachain Governance Token), distributed to liquidity providers; and HONEY, a stablecoin used for collateralized transactions.
This model is designed to enhance capital efficiency and incentivize liquidity, setting Berachain apart from other Layer-1 blockchains.
The project has attracted significant institutional backing, including a $100 million Series B funding round in April 2024, led by Framework Ventures and Brevan Howard Digital. The sharp rise in $BERA’s price suggests that investors see potential in Berachain’s approach, particularly as it prepares to launch its mainnet and token generation event.
With its MEXC debut today, Berachain is set to enter the broader crypto market with strong momentum, positioning itself as a key player in the next evolution of DeFi liquidity and governance mechanisms.
Meanwhile, Cardano (ADA) is struggling to break past key resistance levels despite a modest recovery in recent sessions. The cryptocurrency has risen 3.26% to $0.756, recovering from a sharp sell-off that pushed prices near $0.73.
